Project Finance Co-op

Job title: Project Finance Co-op

Job description: Title: Project Finance Co-op

Work Term: Fall 2021

Length of Term: 4 months

We better the lives of our customers and communities.

Purpose

This position is focused on raising capital to finance infrastructure and renewable power projects. This includes arranging project financing, construction loans and other forms of non-recourse financing in support of the company’s development strategy. The incumbent will play a role in all aspects of the financing process including: going to market to raise financing, negotiation terms, documentation of transaction, due diligence process, final closing of financing, drawing down funds and repayment of debt facilities.

Accountabilities

• Work closely with senior level members of the Project Finance Team (Director and Senior Manager) in a high-profile role sought at supporting Algonquin’s strategic growth through active participation in the capital markets.
• Role in all aspects of the project finance and tax equity raise process including: market eminence, soliciting initial lender interest, soliciting indicative term sheets, obtaining signed mandate letters, due diligence, financial close, drawing down debt facilities, lender reporting, troubleshooting issues during construction / commissioning, conversion of construction debt to operating debt or the repayment of debt facilities on maturity.
• Assist the Project Finance Team in preparing for negotiations with financing parties through all deal phases ensuring the best possible terms for Algonquin.
• Responsibilities connected to supporting aspects of the financing process including the management of due diligence. Expedite and coordinate efforts of the various Algonquin contributors, ensuring due diligence and funding achievements are met.
• Support the Project Finance Team’s work with internal and external legal counsel for drafting, editing and finalizing financing agreements.
• Partner with Algonquin’s Business Development team to ensure partnership and bilateral support of the overall company’s development strategy.
• Support the Project Finance team to establish standard and repeatable work processes for sourcing and executing on Project and Tax Equity financings.
• Day to day execution of Project Finance Tasks, including but not limited to: getting projects to a bankable state, taking projects to market to raise financing, financial modeling, maintaining data rooms, updating due diligence logs, market intelligence, planning conference attendance, updating reporting dashboards and other tasks in support of the project financing team

Education and Experience

• Currently enrolled in College or University within Business with a focus on Finance, Accounting or Economics as well as Mathematics Statistics or Actuarial Science degree. Preference to a 3rd or 4th year Undergrad or MBA.

• Working towards a finance designation is an asset (i.e. CFA, CSC, CPA etc.)
• Experience with Excel, specifically financial model skills is desirable. Experience with Visual Basic an asset
• Strong analytical and problem solving skills with the confidence to question current processes
• Ability to work in a fast paced environment and meet strict deadlines
• Strong communication, interpersonal and team-building skills with ability to work independently and handle priorities
• Strong analytical and problem solving skills with the confidence to question current processes
• Language abilities in Spanish, Portuguese or French are an asset

Purpose

Accountabilities

Education and Experience

Years of Experience

Who we are

We know that the services we provide directly affect and are essential to our customers’ quality of life and wellbeing. From homes to hospitals, elder-care facilities to elementary schools, our customers depend on our ability to continue to provide safe and reliable energy and water services. For more than 30 years, Liberty has demonstrated an unwavering commitment to delivering clean energy and water solutions. Our rapid growth has led both our renewable energy and regulated utility services into different geographies and commodities, but our purpose remains unchanged – Sustaining Energy and Water for Life.

Today, Liberty provides regulated water, electricity, and natural gas utility services to over 807,000 customers in the United States and Canada. And, our growing portfolio of clean, renewable wind, solar, hydro and thermal power generation facilities represents over 2 gigawatts (GW) of installed capacity and more than 1.6 GW of renewable energy projects under construction.

Through embedding sustainability in our day-to-day business decisions and putting our customers first in all that we do, we know that we can do well by doing good. We recognize that we have a role to play in leading the energy transition towards greener solutions for our customers and communities. And, our recent recognition in the 2020 Bloomberg Gender Equality Index and as one of the Top 10 of Corporate Knights Global 100 Most Sustainable Corporations in the World ranking are testaments to our work in sustainability.

About Algonquin Power & Utilities Corp:

Liberty is a subsidiary of Algonquin Power & Utilities Corp. (“Algonquin”). Algonquin is a North American diversified generation, transmission and distribution utility with $11 billion of total assets. Common shares, preferred shares, and installment receipts are traded on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, AQN.PR.D, and AQN.IR. APUC’s common shares are also listed on the New York Stock Exchange under the symbol AQN.

Visit our Careers Site at https://jobs.libertyenergyandwater.com/

Follow us on Twitter and join the conversation! @AQN_Utilities & @AQN_Careers

What we offer

Collaborative environment with a genuine flexible working policy

Share purchase/match plan

Pension Plan

Free refreshments

Top Talent Program

Volunteer paid days off

Employee Assistance Program

Achievement fund

Free parking, including free electrical charging

We are focused on building a diverse and inclusive workforce. If you are excited about this role, and are not certain you meet the all the qualification requirements, we encourage you to apply to further investigate the opportunity.

We are an equal opportunity employer and value each person’s unique background, diversity, experiences, perspectives and talents. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all of our employees and expect each of our employees to honor this commitment in their daily responsibilities.

As part of our commitment, we work to ensure our application process is accessible to all candidates. If you require special assistance or accommodation during the hiring process, please notify the Talent Acquisition Team.

Company: Liberty

Expected salary:

Location: Oakville, ON

Job date: Wed, 16 Jun 2021 06:06:13 GMT